Medinah Minerals (MDMN)

[jetpilot1101]

Their financials equate to a bunch of numbers on an excel spreadsheet that not a single competent person verifies. People can chose to believe them but given the gagged transfer agent and past history, I don't think the company is interested in becoming more transparent with any of their dealings.

We've had the discussion concerning the 15c2-11. You are correct, it is a form filled out my MM's to quote a security. MDMN continues to file "COMPANY INFORMATION AND DISCLOSURE STATEMENT Pursuant to Rule 15c2-11(a)(5)." I believe the reason they do this is because paragraph (5) states: "The following information, which shall be reasonably current in relation to the day the quotation is submitted and which the broker or dealer shall make reasonably available upon request to any person expressing an interest in a proposed transaction in the security with such broker or dealer:" It then goes on to list a myriad of items which I won't post but I have provided the link.

I think the "make reasonably available" statement is what they are keying in on. MDMN think this provides them some legitimacy but since there is no need to verify any of the information they submit because they are a non-filer, the long form they file really isn't worth the paper it is printed on.

http://www.huntlawgrp.com/sec-law/finra-form-15c2-11-filings

http://www.otcmarkets.com/financialReportViewer?symbol=MDMN&id=101077

http://www.law.cornell.edu/cfr/text/17/240.15c2-11